Starting up a Table water company

 

 

What You Need To Start Pure Water Production Business

1. Write your business plan

While this article will help form the basis for your business plan, it does not replace it. You have to carefully write your business plan and how you plan to achieve your goal in the business. A detailed business plan should include everything about the business such as: The cost analysis, Market Research, Marketing, and Management. You may hire a professional consultant to help write your plan.

In case you don’t know what business plan is – Business plan is a written document that includes all details of your pure water business startup and operational objectives and strategies. Startup and operating costs, marketing advertising and sales strategies, pricing and profit margins, supplier lists, insurance information, and other topics are included to give you blueprint of your business.
Your pure water production business plan can be used for obtaining business loans, securing investors and for other analytical purposes, and may be modified as the business matures to better outline and guide future operations. So, it is a very important document you must not do without. Cost of market research and business plan = N100,000

2. Purchase Land

A minimum of one plot will do for your business, except you are going for something much more bigger. But if it’s a small scale pure water production plant, you will be good with one plot of land. A plot of land in Lagos outskirts such as Ikorodu and Epe cost from N500,000 to N3M
Land may be cheaper in other states. You must go out there and ask for the prices of lands in the location you wish to setup your pure water production plant. Over all, budget N3M to N5M for land if you want to situate your plant close to the urban area. It is important to document your property. Hence, Price of land, Survey, C of O, and other documents = N5 million – N7 million

3. Construct Bungalow

To construct a bungalow that will serve as your factory together with fencing, finishing, and furnishing, digging of the borehole, and interlocking the compound. Depending on the size of the building, everything will take N5 million – N10 million.